Will
A hard or testament is a document whereby a person responsible for the distribution of his property and possessions after his death. Family members have the legal rights of property of a person but a person? S will always be respected, whether it's money in them, or leave a friend in Timbuktu. The will provides another? Rights on one? Property and family after a? s death.
When a man dies, a process of succession is open to take care of his property. This will usually names an executor - a person responsible for implementing the provisions of the will. If there is an executor appointed by the court of succession. In some U.S. states where the person (testator), die with a case, are due to inheritance is not required. But in most states, such as legal procedures necessary to resolve the property especially letterhead (no will).
In most countries, laws of succession follow the laws of descent. In the case of a person? S's death, ownership of spouses, children and their descendants. If a person dies intestate without legitimate heirs, the person? Discount escheats usually either goes to the government. The legal representative is appointed, to search for that procedure.
Probate proceedings take time and avoid probate court, people generally result in a living trust while they are still alive. It is a trust to which a person transfers ownership of his property and controls. After winning his death, the beneficiary of the trust specified in the property. This avoids the process of succession and distribution of special properties.
Any person capable of over 18, his will to plan without the help of a lawyer. Everyone will have the following provisions-The testator must clearly identify and explain that all previous wills and codicil (Annexes withdraw). He must be held to act freely and voluntarily signed and dated and must be in the presence of two witnesses who must not be beneficiaries. Finally, the testator? S at the end of the signature shall be placed.
Wills can be of different kinds. A holographic will is what has been written entirely by hand. And 'then signed by the testator. In some states, holographic should not even want to be seen legally. Such wills are common in emergency situations, as when testator alone and near death situations. In the United States, unwitnessed holographic will be 30 out of 50 states are recognized. A minority of states recognize "cupative not" or oral wills.
A municipality will be a single document both the husband and wife signed. Makes a single plant of its assets after the death of one or both. wills are a signed pair of identical documents, one after the other man and woman, thus ensuring the identical provisions of the property.
Even if he wants are pretty simple, almost half of all Americans die without. They do not realize that their hard-earned assets to property was reset, and divided according to state law. A will is especially important if you want to appoint guardians for your children in the event of your death.
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